Gold Rate in Bangalore Near Record Highs as Prices Surge Rs. 8,000 in 5 Days; Check 24k, 22k,18k Rate, July 21

Gold prices in Bangalore have once again climbed near record-high levels after rising consistently over the past five days. In just one week, the price of 24-carat gold has surged by approximately Rs. 8,000 per 100 grams. The demand for gold is rising because of the upcoming festive season, with many consumers taking advantage of the recent dip in gold prices to make retail purchases.

In the international market, spot gold also jumped on Monday as the US dollar index dipped slightly, providing additional support for gold prices to approach all-time highs.

Gold Rate in Bangalore

As of 21st July, the price of 22-carat gold rate in Bangalore jumped by Rs. 100 per 10 grams, now costing Rs. 91,800 per 10 grams. Meanwhile, 24-carat gold rates saw a rise of Rs. 110, bringing its price above 1 lac to Rs. 1,00,150 per 10 grams. Similarly, 18-carat gold prices rose by Rs. 80 per 10 grams, now priced at Rs. 75,110.

In a similar line, the cost of 100 grams of 24-carat gold now stands at Rs 1,015,000, after rising Rs 1,100, while 100 grams of 22-carat gold has increased by Rs 1,000, retailing at Rs 9,18,000.

Gold Rates in Other Indian Cities

Here are gold prices in some of the major cities in India:

Gold and Silver Future Price on MCX

Gold futures prices on the MCX are trading in green on July 21. The gold futures maturing on August 5th were priced at Rs. 98,532 per 10 grams with a 0.52% rise. Similarly, silver futures, set to mature on September 5, 2025, rose by 0.24%, trading at Rs. 1,13,220 per kg.
"MCX Gold Aug is expected to slip back towards the Rs 97,500 level as long as it stays below the Rs 98,500 level. While MCX Silver Sep is expected to slip towards the Rs. 112,000 level as long as it trades below the Rs. 114,000 level." as per the commodity report by ICICI Direct.

Spot Gold and Silver Rates on July 21st

According to a recent report by Reuters, "Spot gold was up 0.6% at $3,368.39 per ounce as of 0534 GMT. U.S. gold futures rose 0.5% to $3,376. While spot silver gained 0.3% to $38.28 per ounce."

"Spot Gold is likely to slip back towards the $3320 level on expectation of recovery in the dollar and U.S. treasury yields. Further, better-than-expected economic data from the U.S. signals resilience in the economy, giving the Fed cover to delay cutting interest rates. Maybe the statement from Federal Reserve Governor Christopher Waller was dovish, but most officials who had spoken publicly signalled a desire to hold rates in the upcoming meeting. Moreover, as per media reports, the U.S. is pushing for a minimum tariff of 15% to 20% in any deal with the EU, signalling the Trump administration is trying to exceed the 10% reciprocal tariff even if a deal is reached, riskinghigher inflation. Meanwhile, demand for safe haven may increase due to escalating geopolitical tension in the Middle East and uncertainty over U.S. trade policies" the commodity report by ICICI Direct further stated.